European stocks may gain, rebounding from the steepest sell-off in two months, after oil fell below $60 and UCB SA agreed to buy Schwarz Pharma AG. BASF AG, British Airways Plc and DaimlerChrysler AG may lead gains among chemical companies, airlines and carmakers, among the most sensitive to changes in energy prices. "European markets are to set to open higher this morning with oil's price fall helping to stave off concerns that economic growth is slowing,'' said Martin Slaney, head of spread betting at GFT Global Markets in London. Futures on the Dow Jones Euro Stoxx 50, a benchmark for the 12 countries using the euro, rose 12 to 3837 at 7:08 a.m. in London. The U.K.'s FTSE 100 Index may add 25 to 5847, according to GFT Global Markets.
Read full article written by Sarah Jones on Bloomberg | 
